Buffalo tried this a few decades ago and it did NOT work. The entire area died, all the restaurants & retail closed. It took millions of dollars and many years to undo it and now the area is back and full of people. I don't know for sure the blame lies entirely on the clearing of cars idea, but that sure didn't help. The city (like many) fell pretty hard for a bunch of reasons at the time they tried this. https://www…
I think the lesson is that you can't just cave to the bike special interests group or the walk-ability lobby, you have to look at how the economics of your city work and make sure that any changes you make will not shoot it in the foot.
This statement from the article would have me very worried about surviving the next downturn if I were a Toronto business owner.
>Toronto reports business receipts are up along the corridor as well, albeit a tiny 0.3 percent. The rest of the city was up 3.8 percent over the same period.